Golden Entertainment (GDEN) Q3 Earnings Beat Estimates

Core Viewpoint - Golden Entertainment reported quarterly earnings of $0.18 per share, exceeding the Zacks Consensus Estimate of$ 0.10 per share, and showing a significant improvement from a loss of $0.02 per share a year ago, representing an earnings surprise of 80% [1] Financial Performance - The company posted revenues of$ 161.23 million for the quarter ended September 2024, which missed the Zacks Consensus Estimate by 0.61% and decreased from $257.73 million in the same quarter last year [2] - Over the last four quarters, Golden Entertainment has surpassed consensus EPS estimates just once and topped consensus revenue estimates two times [2] Stock Performance - Golden Entertainment shares have declined approximately 22.9% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The current Zacks Rank for Golden Entertainment is 5 (Strong Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.25 on revenues of $171.12 million, and for the current fiscal year, it is$ 1.73 on revenues of $673.24 million [7] - The estimate revisions trend for Golden Entertainment has been unfavorable ahead of the earnings release, which may impact future stock movements [6] Industry Context - The Gaming industry, to which Golden Entertainment belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Another company in the same industry, International Game Technology (IGT), is expected to report a significant decline in earnings and revenues, indicating broader industry pressures [9][10]